匯豐:升國泰航空(0293.HK)至“買入”評級 上調目標價至12.5港元
匯豐發佈報告稱,將國泰航空(00293.HK)目標價提升9.6%,由原來11.4港元升至12.5港元,評級由“持有”上調至“買入”。
該行稱,國泰雖然第三季客運量同比下跌5%,出現近20季以來最低的乘客運載率,但相信公司仍然會保持盈利。同時積極的客貨運量管理限制了近期疲軟程度,歷史數據也表明未來幾個季度將恢復復甦。
該行又稱,雖然來自內地航空公司競爭加劇,但據2019年9月末數據,仍然反映出國泰在長途和轉機航班的優勢。國泰的乘客運載率在19年第三季度同比增長1%,乘客量下降5%和但同期香港機場的航空旅客數量下降了25%。

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